Accounting Chapter 11 Study Guide

Accounts payable ledger
a subsidiary ledger containing only accounts for vendors from whom items are purchased or bought on account
Accounts receivable ledger
A subsidiary ledger containing only accounts for charge customers
Controlling accounts
An account in a general ledger that summarizes all accounts in a subsidiary ledger
Schedule of accounts payable
A listing of vendor accounts, account balances, and totals amounts due to all vendors
Schedule of accounts receivable
A listing of customer accounts, account balances, and total amount due from all customers
Subsidiary ledger
A ledger that is summarized in a single general ledger account